Lunch & Learn: Are appraisals the next big opportunity in mortgage fulfillment?

This Lunch & Learn for mortgage lenders will explore the evolution of the appraisal process as well as opportunities for innovation.

Rohit Chopra pleads the fifth on QM rule

Consumer Financial Protection Bureau Director Rohit Chopra, in his first report to Congress, answered for decisions made by his predecessor, and provided some indication of his priorities going forward.

How to simplify the appraisal process for everyone in today’s hot market

While the world might be slowly getting back to normal, the housing boom is far from over. Appraisers need to make sure they have the right tools to manage the high demand.

Which core segments of brokerage make the most money

Today’s HousingWire Daily is a RealTrending crossover episode. It features Tracey Velt, editorial director at HW Media Company RealTrends, who interviews Chris Kelly and Christian Wallace.

Real Estate

More people are fleeing San Francisco and NYC for the suburbs

Most are moving out of Silicon Valley and NYC

The mix of working from home and renters seeking more space – albeit cheaper space – is pushing more people out of more expensive U.S. cities and moving into the suburbs.

Particularly, Millennials are fleeing New York City for more space in its surrounding suburbs.

Since the beginning of the COVID-19 pandemic, online mortgage lender Better.com said it has seen an increasing trend in 35 to 36-year-old renters applying for mortgages in the suburbs of New York, including Westchester; Connecticut and Fairfield County; and New Jersey and Essex County.

Better.com, said it’s been seeing record purchase demand in Florida, California, Arizona and Texas and saw a continued trend of first-time homebuyers applying for mortgages in suburban areas.

In an interview with HousingWire, Corey Jones, an agent with Better Real Estate, said that as an agent in New Jersey, he has seen many Millennials fleeing the big city for more space.

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